‘No organisation can be successful unless it fills and keeps the various positions filled with the right kind of people for the right job.’ Elucidate
No organisation can be successful unless it fills and keeps the various positions filled with the right kind of people for the right job. It means that for any successful organisation it will need to place the person for a job according to the skill required to perform that job so that they can ensure better performance. And this can be done through the staffing process. Different types of jobs required different skilled personnel to perform it. And if the skill of the person doesn’t match with the job then they can’t perform it successfully. So it is necessary for the organisation to assign the job to the person with required skills. And this will result in more productivity and the organisation can be run more efficiently and smoothly.
Popular Questions of Class 12 Business Studies
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What are the steps taken by management in the planning process?
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Why is management considered to be a multi-dimensional concept?
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Explain the procedure for selection of employees.
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How would you characterize the business environment? Explain with examples, the difference between general and specific environment.
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Indian Railways has launched a new broad gauge solar power train which is going to be a path breaking leap towards making trains greener and more environment friendly. The solar power DEMU (Diesel Electric Multiple Unit) has 6 trailer coaches and is expected to save about 21,000 liters of diesel and ensure a cost saving of Rs 12, 00,000 per year. Name the objectives of management achieved by Indian Railways in the above case.
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The government of India announced Demonetization of ₹ 500 and ₹ 1,000 currency notes with effect from the midnight of November 8, 2016. As a result, the existing ₹ 500 and ₹ 1,000 currency notes ceased to be legal tender from that date. New currency notes of the denomination of ₹ 500 and ₹ 2,000 were issued by Reserve Bank of India after the announcement.
This step resulted in a substantial increase in the awareness about and use of Point of Sale machines, e-wallets, digital cash and other modes of cashless transactions. Also, increased transparency in monetary transactions and disclosure led to a rise in government revenue in the form of tax collection.
a. Enumerate the dimensions of the business environment highlighted above.
b. State the features of Demonetization. - Q:-
Define scientific management. State any three of its principles.
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Explain the qualities of a good leader? Do the qualities alone ensure leadership success?
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Discuss the relevance of Taylor and Fayol’s contribution in the contemporary business environment.
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Management is a series of continuous interrelated functions. Comment.
Recently Viewed Questions of Class 12 Business Studies
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Distinguish between convenience product and shopping product.
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What are various ways in which the objective of consumer protection can be achieved?
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What is working capital? Discuss five important determinants of working capital requirement?
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(Further information related to the above question 6) The management of company Bhasin Limited now realised its folly. In order to rectify the situation it appointed a management consultant -Mukti Consultants - to recommend a restructure plan to bring the company back on the rails. Mukti Consultants undertook a study of the production process at the plant of the company Bhasin Limited and recommended the following changes —
• The company should introduce scientific management with regard to production.
• Production Planning including routing, scheduling, dispatching and feedback should be implemented.
• In order to separate planning from operational management ’Functional foremanship’ should be introduced.
• ‘Work study’ should be undertaken to optimise the use of resources.
• ‘Standardisation’ of all activities should be implemented to increase efficiency and accountability.
• To motivate the workers ‘Differential Piece Rate System’ should be implemented.
(The above changes should be introduced apart from the steps recommended as an answer to Part c - case problem 6 above.) It was expected that the changes will bring about a radical transformation in the working of the company and it will regain its pristine glory.
a. Do you think that introduction of scientific management as recommended by M consultants will result in intended outcome?
b. What precautions should the company undertake to implement the changes?
c. Give your answer with regard to each technique separately as enunciated in points 1 through 6 in the case problem. - Q:-
Sate the two objectives of financial planning.
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Explain the various Money Market instruments.
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Ritu is the manager of the northern division of a large corporate house. At what level does she work in the organisation? What are her basic functions?
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How would you characterize the business environment? Explain with examples, the difference between general and specific environment.
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The production manager asked the foreman to achieve a target production of 200 units per day, but he doesn’t give him the authority to requisition tools and materials from the stores department. Can the production manager blame the foreman if he is not able to achieve the desired target? Give reasons.
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Can planning work in a changing environment? Give a reason to justify your answer.
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